Taikang Asset Management Hong Kong Co Ltd Has $1.77 Million Position in NetEase, Inc. (NASDAQ:NTES)

Taikang Asset Management Hong Kong Co Ltd decreased its position in shares of NetEase, Inc. (NASDAQ:NTES) by 23.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 19,800 shares of the technology company’s stock after selling 6,200 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in NetEase were worth $1,766,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in shares of NetEase by 34.9% during the fourth quarter. LPL Financial LLC now owns 23,688 shares of the technology company’s stock valued at $2,113,000 after acquiring an additional 6,122 shares during the period. GUARDCAP ASSET MANAGEMENT Ltd lifted its position in NetEase by 10.5% during the 4th quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 21,110 shares of the technology company’s stock valued at $1,883,000 after purchasing an additional 2,010 shares during the period. American Century Companies Inc. boosted its stake in shares of NetEase by 6.4% in the 4th quarter. American Century Companies Inc. now owns 568,454 shares of the technology company’s stock valued at $50,712,000 after purchasing an additional 34,255 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of NetEase during the 4th quarter worth approximately $613,000. Finally, OPTIMAS CAPITAL Ltd bought a new stake in shares of NetEase during the fourth quarter worth approximately $5,826,000. 11.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on NTES shares. StockNews.com lowered shares of NetEase from a “strong-buy” rating to a “buy” rating in a report on Friday, December 6th. Morgan Stanley lifted their price objective on NetEase from $108.00 to $117.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Bank of America upped their price objective on NetEase from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Barclays raised their target price on NetEase from $82.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Finally, Benchmark upped their price target on NetEase from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.57.

NetEase Price Performance

Shares of NetEase stock opened at $99.93 on Tuesday. The company has a market capitalization of $64.17 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 3.37 and a beta of 0.61. The business has a 50-day moving average of $101.97 and a two-hundred day moving average of $92.14. NetEase, Inc. has a 1 year low of $75.85 and a 1 year high of $110.15.

NetEase (NASDAQ:NTES) last posted its earnings results on Thursday, February 20th. The technology company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.14. NetEase had a return on equity of 22.12% and a net margin of 28.17%. The business had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $27.16 billion. On average, equities analysts anticipate that NetEase, Inc. will post 6.91 EPS for the current fiscal year.

NetEase Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.435 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $1.74 annualized dividend and a yield of 1.74%. NetEase’s dividend payout ratio is currently 76.45%.

About NetEase

NetEase, Inc engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.